Got to Be Kidding! News site using words "Bank Repurchased home" instead of "Foreclosed"! WTF! ? JP Morgan/Chase Foreclosed on Military home! Not Repurchased it!

Are we going to start seeing this word used in the media "Repurchased" compared to Foreclosed now?

Huffington post, considered an alternative news site (yes, Democratic leaning) has used the headline of

JP Morgan Chase Repurchases Solider's home the same day he returns home from Iraq.

Why in the world would they use the word "Repurchase" and not say exactly what it was a Foreclosure?

This really is bizarre, who thought of that word?  Gosh forbid they say what it really was a Foreclosure on a solider the day he returned from Iraq.  They even try spin the story inside by using the same word, though they had to finally use the word foreclosure.


From article:

On the same day that soldier Aaron Collette returned from a tour of duty in Iraq to his father Tim's home in Bend, Oregon, that very house was bought back at auction due to foreclosure, local news KTVZ reports. According to ThinkProgess, a campaign by Senator Jeff Merkely (D-OR ) had delayed the foreclosure proceedings. But still, despite promising to work with the Collettes, JPMorgan Chase eventually went through with reportedly repurchasing the home.

Collette's case if far from the first military-related foreclosure controversy. The Justice Department recently agreed to a $22 million settlement with a unit of Bank of America and Saxon Mortgage Services, a division of Morgan Stanley, to provide relief for more than 170 active-duty service members who were victims of improper foreclosure proceedings